CPO futures end higher

At the close, the CPO futures contract for August increased RM44 to RM4,489 per tonne, September rose RM29 to RM4,341 per tonne, October up RM23 to RM4,143 per tonne, and November rose RM14 to RM4,004 per tonne

PETALING JAYA: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher yesterday on the prospect of weaker production in the near term.

However, palm oil trader David Ng said weaker demand was an ongoing concern in the immediate future. Ng located support at RM4,080 per tonne and resistance at RM4,250 per tonne.